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57 Stars Invests In Waycool, India's Leading Food And Agri-Tech Platform

PRIVATEJun 29, 2022

Round Type

Funding Round

ChennaiFood And BeverageFarming

Description

57 Stars LLC, an independent global alternative investment firm targeting high-growth sectors driven by technological innovation, is pleased to announce it has led a USD 40 million investment in WayCool Foods & Products Private Limited ("WayCool"), India's leading food and agri-tech platform. The investment is the first transaction for 57 Stars Direct Impact Fund and the second investment for 57 Stars Global Innovation Fund 2 ("GIF 2").

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Company Information

Company

WayCool

Location

Chennai, Tamil Nadu, India

About

WayCool Foods is India’s largest and fastest-growing agri-commerce company. Focusing on food development and distribution, the company leverages innovative technology to scale and operate a complex supply chain from soil to sale. Through its farmer engagement program - Outgrow, WayCool works with 85000+ farmers. WayCool operates a full stack, broadline product range across multiple channels and categories such as fresh produce, staples, and dairy, serving over 1,00,000 clients in the general trade, modern trade, and food services space. WayCool's consumer brands basket consists of Madhuram, KitchenJi, L'exotique, and Freshey’s, to name a few.

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